Next Friday it’ll be confirmed, the UK will have voted to remain or to leave the European Union. The market reaction will be immediate, aggressive, and likely for a period, sustained. In recent weeks the market has climbed on hopes of a ‘remain’ vote and declined on the potential of a ‘leave’ vote – the…
The UK referendum tide may have turned following the callous murder of a defenceless pro-Europe MP. Bookies say the event has revived the chances of a ‘Remain’ vote next Thursday. Traditional last-minute decisions by polling-day voters to maintain the status-quo could well intensify. Markets like the UK 100 of UK blue-chip equities and Pound Sterling…
17 Jun Ship & Bunker Accendo Markets‘ Mike van Dulken notes: “A Fed worried about a Brexit vote means it sees a potential meaningful impact on US and global growth which is bad for perceived demand for oil. http://shipandbunker.com/news/world/400356-what-does-brexit-mean-for-global-oil-and-bunker-prices Marketwatch Gold dropped below $1,300 despite a softer U.S. dollar after the odds of a Brexit vote fell,…
Oil prices are now 10% from their 2016 highs and the declines have accelerated But why? Below is a selection of possible drivers contributing to prices barrelling south. The list is non-exhaustive, but hopefully covers most of the possible drivers. USD strength The US Dollar basket is testing 95.5 and a hitherto resistant trendline of falling highs…
The UK Index housebuilders aren’t part of today’s market bounce after Berkeley Group (BLG) suggested that reservations had fallen 20% before the UK votes on whether or not to stay in the EU next week. Although some of this can be explained by a planned reduction in launches in anticipation of the event, the statistic…
Shares in professional networking/dating/narcissism website LinkedIn (LNKDN) are called to open around 40% higher at the US open after confirmation it has welcomed a mammoth takeover approach from Microsoft (MSFT) constituting a nigh on 50% premium over Friday’s share price close. Shares in Microsoft were understandably suspended from trading in the lead-up to this bit…